How a Copper Shortage Could Hamstring the Energy Transition
The world is currently facing a critical copper shortage that triggered increased copper prices at the start of the year. Several factors, including the coronavirus crippling supply chains, increased demand for copper and a decline in copper ore quality, contributed to a global shortage that could last until 2030. Some experts fear that these shortages could also threaten the transition to clean energy. Dozens of countries have pledged to transition from dirty fossil fuels, such as oil and coal that have significantly contributed to global warming and climate change, to clean sources of energy. Copper, which already has numerous applications…